A $330,000 property in Australia with a 20% deposit ($66,000) at 6.30% has a principal-and-interest payment of about $1,634.09 per month over 30 years. Council rates and home insurance are additional.
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| Year | Principal paid | Interest paid | Ending balance |
|---|---|---|---|
| 1 | $3,065 | $16,545 | $260,935 |
| 2 | $3,263 | $16,346 | $257,672 |
| 3 | $3,475 | $16,134 | $254,197 |
| 4 | $3,700 | $15,909 | $250,497 |
| 5 | $3,940 | $15,669 | $246,557 |
| 6 | $4,196 | $15,413 | $242,361 |
| 7 | $4,468 | $15,141 | $237,893 |
| 8 | $4,758 | $14,851 | $233,135 |
| 9 | $5,066 | $14,543 | $228,069 |
| 10 | $5,395 | $14,214 | $222,674 |
| 11 | $5,745 | $13,865 | $216,930 |
| 12 | $6,117 | $13,492 | $210,813 |
| 13 | $6,514 | $13,095 | $204,299 |
| 14 | $6,936 | $12,673 | $197,363 |
| 15 | $7,386 | $12,223 | $189,977 |
| 16 | $7,865 | $11,744 | $182,111 |
| 17 | $8,375 | $11,234 | $173,736 |
| 18 | $8,918 | $10,691 | $164,818 |
| 19 | $9,497 | $10,112 | $155,321 |
| 20 | $10,113 | $9,497 | $145,209 |
| 21 | $10,768 | $8,841 | $134,441 |
| 22 | $11,467 | $8,142 | $122,974 |
| 23 | $12,210 | $7,399 | $110,764 |
| 24 | $13,002 | $6,607 | $97,761 |
| 25 | $13,845 | $5,764 | $83,916 |
| 26 | $14,743 | $4,866 | $69,173 |
| 27 | $15,699 | $3,910 | $53,473 |
| 28 | $16,718 | $2,892 | $36,756 |
| 29 | $17,802 | $1,807 | $18,954 |
| 30 | $18,954 | $653 | $0 |
With a 20% deposit at 6.30%, principal and interest are about $1,634.09 per month. Australian home loans are commonly variable-rate (or fixed for 1–3 years) over a 30-year term, often with an offset account.
A 20% deposit is $66,000, which avoids mortgage insurance where it applies. In Australia, Lenders Mortgage Insurance (LMI) usually applies with less than a 20% deposit and varies by lender.
No — this is principal and interest. Add council rates, home insurance and any strata fees for your full monthly housing cost.
Sources: Reserve Bank of Australia; Standard amortization (annuity) formula.
Estimates for educational purposes only — not a loan offer, financial advice, or a commitment to lend. Actual rates, payments, and terms vary by lender and creditworthiness.